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Improved performance 'a validation' of Capital Drilling's strategy

Capital Drilling Ltd's (LON:CAPD) chairman Jamie Boyton tells Proactive Investors 2018 was a strong year for them - especially in the second half.

The company reported fourth-quarter revenue at US$30.5mln, down 1% from US$31mln in the preceding three month period, but, up 12.5% compared to the same quarter a year ago.

Operational activity improved with utilisation rates measuring 59% at the end of the quarter, versus 47% in the comparative quarter of 2017, thanks to increased exploration activity in West Africa and Botswana.

Quick facts: Capital Drilling Ltd

Price: 45.3 GBX

LSE:CAPD
Market: LSE
Market Cap: £62.05 m
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Capital Drilling confident of continued activity from producing mining sites

Capital Drilling Ltd (LON:CAPD) chairman Jamie Boyton caught up with Proactive London's Andrew Scott to talk through the firm's 2019 results and how they're dealing with the current uncertainty around the outbreak of coronavirus. He's expecting exploration activity to soften a little as...

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